ID :
20605
Mon, 09/22/2008 - 15:31
Auther :
Shortlink :
http://m.oananews.org//node/20605
The shortlink copeid
MALAYSIA SAYS NO TO RINGGIT RE-PEG
PUTRAJAYA, Sept 22 (Bernama) -- Malaysia will not re-peg the Ringgit,
Deputy Prime Minister and Finance Minister Najib Razak said Monday.
"We are confident of the Ringgit's position and it reflects the real value
of the currency," he said in his first meeting at the Finance Ministry.
At 9.08am, the ringgit was higher at 3.4120/4170 against the greenback's
close of 3.4570/4620 on Friday.
Former Prime Minister Dr Mahathir Mohamad had on Saturday suggested
that the exchange rate should be fixed again to cushion the impact of the
weakening dollar against other currencies.
Najib, who was previously Defence Minister, swapped portfolios with
Prime Minister Abdullah Ahmad Badawi on Wednesday.
-- BERNAMA
Deputy Prime Minister and Finance Minister Najib Razak said Monday.
"We are confident of the Ringgit's position and it reflects the real value
of the currency," he said in his first meeting at the Finance Ministry.
At 9.08am, the ringgit was higher at 3.4120/4170 against the greenback's
close of 3.4570/4620 on Friday.
Former Prime Minister Dr Mahathir Mohamad had on Saturday suggested
that the exchange rate should be fixed again to cushion the impact of the
weakening dollar against other currencies.
Najib, who was previously Defence Minister, swapped portfolios with
Prime Minister Abdullah Ahmad Badawi on Wednesday.
-- BERNAMA